VivoPower partners with Crypto.com to boost XRP strategy, offering secure custody, global access, and expanded digital asset opportunities.
VivoPower, a clean energy company, has partnered with Crypto.com to strengthen its XRP-focused strategy. The cooperation combines safe storage, centralized access to world stocks, with a decentralized finance (DeFi) feature. In turn, this implies that VivoPower will be able to reach more investors across the globe.
Crypto.com Partnership Expands XRP Liquidity Access
First, Crypto.com Custody will hold the XRP reserves of VivoPower. The service focuses on institutions and rich people with a very high net worth and offers a complete and secure platform. Being highly concerned with safety, Crypto.com Custody provides the digital assets of VivoPower with high protection.
Moreover, the collaboration would enable the people to trade shares of VivoPower in the broker-dealer platform of Crypto.com. This will allow retail and institutional investors to trade in $VVPR using the modern, secure digital platform. Consequently, the shares of VivoPower will be more accommodating to a wide range of people.
Besides this, Crypto.com has the potential to provide high liquidity to XRP and other cryptocurrencies on its platform. This enables investors to purchase and sell assets within a short time. Besides, XRP restaking will soon happen with the Flare, a platform with which VivoPower already collaborates. This aspect will generate value addition to investors.
As Eric Anziani, President and Chief Operating Officer of Crypto.com, stated, the platform is meant to be used on the existing and upcoming market. He mentioned that it helps in giving institutions a safe and thorough means of managing digital assets. Through the partnership with VivoPower, Anziani reckons that Crypto.com will cement its market as an institutional preferred custodian.
Related Reading: VivoPower Flare Launch $100M XRP Treasury for DeFi Yield | Live Bitcoin News
VivoPower Eyes Global Growth Through XRP Strategy
Kevin Chin, Executive Chairman of VivoPower, expressed enthusiasm about the partnership, noting that it provides access to Crypto.com’s 150 million crypto-focused users. Chin also noted that VivoPower’s global expansion will be supported by the custody services that it will use in different countries Crypto.com has. He believes that the cooperation is going to complement the XRP strategy pursued by VivoPower and the digital asset mining business of Caret.
Recently, VivoPower came up with the announcement that it would acquire $100 million worth of shares of Ripple. It is part of an expansive initiative to expand its collection of digital assets, largely with emphasis on XRP. It took a due diligence of two months and deals were closed between VivoPower and current Ripple shareholders. The management of Ripple is presently striving to accomplish such transactions.
The two companies will be a giant stride in VivoPower. VivoPower can access comprehensive machines and a large audience in Crypto.com and get all supporting benefits. The safe storage and trade facilities will also assist VivoPower to gain traction in the digital asset arena. The investors can be expecting additional chances to deal with the stocks of VivoPower and XRP reserves.
Lastly, the cooperation of VivoPower with Crypto.com is a revolutionary step. It offers safe management of assets, access to trading at a worldwide scale, and DeFi novelty. VivoPower is already in a good position to support its RP strategy and recruit investors worldwide through this partnership. As the market of crypto keeps developing, this partnership can establish a new level of digital assets management.
